Christina Galdieri
1031 Exchange for a small business?
25 January 2025 | 5 replies
It's crucial that this allocation is reasonable and well-documented to withstand IRS scrutiny.
Don Konipol
What Does it Take to Achieve the Dream of Full Time Real Estate Investor?
20 January 2025 | 1 reply
For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
This level of scrutiny drastically reduces the risk of renting to unreliable tenants.Realtors vs.
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
27 January 2025 | 10 replies
Did you get a TOD valuation that would hold up to IRS scrutiny?
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
You would essentially be working 50-60 hour weeks when combining with your full-time job and the real estate to qualify.If you have a detailed and accurate hours log, it is possible but just note that it may raise scrutiny by the IRS.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
LLC-A deducts the 10% management fee, while LLC-B reports it as active income, subject to self-employment tax but eligible for tax-efficient salary and distribution strategies.Ensure the setup has a clear business purpose, reasonable compensation, and documented management services to avoid IRS scrutiny.
Hermes Kanaris
Wanna be a surgeon? Dissect this deal with me.
30 December 2024 | 14 replies
I'm looking around to find some investors to take it from me and just feel a little lost with dispo, i want to make my deals super sweet sugar coated cherry on top for all my investors on my list so what i ask is if you can rip apart this deal for me and make sure i have enough meat on the bone for my investors, below are the statsFirst off address, 1011 Richard Bell Ave Perry FLPurchase price $110,000Seller says the bank is willing to let go of mortgage for $91,000ARV $180,000-$200,000Needs new roof (20 years old) and central ac system went down about a year ago (around 4k for 3 ton ac)Ive been in roofing for about 2 years and im estimating the roof will cost between 18k-20kI take constructive and negative criticism very well and i only want to improve, no opinions are unwelcome i want full scrutiny with this deal please.
Vincent Plant
Hard Money Costs Too Much?
13 January 2025 | 15 replies
It does not have to go through all the scrutiny like these other institutionalized lenders.
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
More scrutiny?